SAIL Q2 net up 17.8% to Rs1,700 cr

New Delhi: Steel Authority of India Ltd, the country’s biggest state-owned maker of the alloy, announced on 30 October a 17.8% jump in profit after tax during the second quarter this fiscal to Rs1,700.24 crore.

The public sector firm had posted a profit after tax of Rs1,442.81 crore in the corresponding period last fiscal. Total income rose almost 8% to Rs9,467.75 crore during July-September 2007 as against Rs8,767.86 crore in the same period last fiscal, the company said in a statement.